New York-headquartered Goldman Sachs has named Robert Zoellick, former president of the World Bank Group, as chairman of the firm’s 16-strong team of international advisors.

Based in Washington, DC, Zoellick will advise Goldman Sachs on global strategic issues and oversee the work of its international advisors.

Zoellick completed his five-year term as president of the World Bank Group in June 2012. Prior to his appointment to the World Bank in 2007, he served for a year as vice chairman, international, at Goldman Sachs.

The Goldman Sachs Group is a global investment banking, securities and investment management firm that provides a range of financial services to corporations, financial institutions, governments and high net worth individuals.